CDS Signs MoU with CSDC - 27th November 2018

CDS and China Securities Depository and Clearing Corporation Limited (CSDC) recently committed towards pursuing a cooperative relationship in the areas of securities clearing and depository by signing a MoU on 27th November 2017 during the 22nd ACG Annual General Meeting in Colombo, Sri Lanka.

As CDS and CSDC work together in future, the MoU will pave the way for the depositories to exchange information and expertise on business operating models and other securities market developments.

The CDS aims to work with CSDC on further developing the clearing and settlement function, strengthening registration and settlement infrastructure, capacity building and improving the services offered to stakeholders of the Sri Lankan capital market.